Reborn Korea, I am not a chaebol

Chapter 25 Integrity
Out of politeness, he also smiled at the other party and said, "Hi, are you invited by Director Jin?"

"Yes, maybe you are the president who Director Jin said is going to buy our factory?"

The fat man asked directly.

"Yes, but how did you find out?"

"Yesterday, Director Jin said on the phone that the person who plans to buy our factory is a young man in his 20s. Seeing how impressive you are, I guess that should be you."

The fat man inadvertently praised Zhou Wenhua, which increased his favorability with him a lot.

"Let me introduce myself formally. My name is Zhou Wenhua. What's your name?"

"Hello President Zhou, my name is Zhao Renzhu."

The fat man stood up and shook hands with him.

"President Zhao, what does your factory do?"

"Our factory produces masks."

Produce masks?

Just looking at Zhao Renzhu's appearance, Zhou Wenhua felt that no one would doubt him as the president of a food processing factory.

Not long after the three smoking men came in, Director Jin also led someone in. He waved to Zhou Wenhua with a smile on his face and said, "Wenhuaxi, let's start."

"Yes."

Zhou Wenhua sat next to Director Jin, and Zhao Renzhu and the other three factory presidents sat opposite them.

"Everyone, this is President Zhou Wenhua whom I mentioned to you yesterday."

Director Jin solemnly introduced to everyone.

"Hi everyone, I'm Zhou Wenhua."

Zhou Wenhua stood up and introduced himself.

"Hello, President Zhou."

The four stood up and shook hands with Zhou Wenhai. To them, Zhou Wenhua was the one who came to rescue them.

"Director Jin..."

Zhou Wenhua approached Chief Jin, he whispered something in the other's ear, and the other nodded and said, "Presidents, President Zhou has some bad news to announce to everyone."

With Director Jin's foreshadowing, Zhou Wenhua pretended to be regretful and said: "Presidents, I reconsidered before I came today. Because of funding problems, I may only buy three of your factories. I'm sorry."

As the old man said, the four people below suddenly looked worried.

"President Zhou, which three factories do you want to acquire?"

A tall and thin middle-aged man among the four asked.

"I haven't decided which three factories to buy. I will make a decision after visiting your factories later."

These words were also taught by the old man.

"President Zhou, what does your club do?"

Another short-looking man asked.

"Our club is a comprehensive enterprise, and can be involved in any industry."

Zhou Wenhua's answer was very general, and the other three fell into a state of tension and anxiety. If they did not transfer the factory and repay the loan, their assets would be frozen by the bank.

"President Zhou, after you buy our factory, will the factory's employees be dismissed?"

The person who asked the question was Zhao Renzhu.

"No, I will keep all the employees and the factory will continue to operate as usual."

And such a good thing?
Generally speaking, if the factory resources are to be integrated, the acquirer can just buy the assets without any workers, and once this situation requires layoffs, the severance pay for the layoffs must be paid by the former factory president .

Hearing that Zhou Wenhua would keep all the employees, this also invisibly relieved their burden.

"Yes, our factory is the closest to here. President Zhou, please visit our factory first."

The tall, thin one wanted to get ahead, he said.

"Our club is also very close."

Dwarf followed closely.

After some discussion, everyone decided to go from far to near, first to see Zhao Renzhu's factory, and last to see the tall and thin factory.

You don’t need to be accompanied by Director Jin when you visit the factory. He asks the male secretary to drive and accompany Zhou Wenhua to visit the factory.

Before departure, Zhou Wenhua loaded 100 million won in cash into an envelope in his car.

Zhao Renzhu's mask processing factory is located in Hwado-eup, northeast of Namyangju City Hall. There is a Xingshan Ski Resort about 5 kilometers away from the factory.

Ten minutes later, they arrived at Zhao Renzhu's mask factory.

The factory covers an area of ​​only about 2 mu of land, and the scale is very small. Including Zhao Renzhu, there are only 33 employees in the mask factory.

There are two factory buildings and a two-story office building in the factory. It seems that Director Jin is right, it is indeed impossible to set up the office of the club in such a simple place.

After visiting the factory, Zhou Wenhua and others came to Zhao Renzhu's office. He ordered someone to pour a few cups of coffee and come in.

"President Zhou, what do you think?"

There were only Zhou Wenhua, the male secretary, and himself in the office, so Zhao Renzhu asked.

"Although the factory is not big, it is generally good."

Zhou Wenhua glanced at the instant coffee in the cup. From this alone, he knew that the operating conditions of Zhao Renzhu's mask factory must be very poor.

"President Zhao, what were the sales and profits of your factory last year?"

Zhou Wenhai asked, remembering what the old man said.

Zhao Renzhu took out a box from the bookcase behind him, and then took out a financial statement from the box, he said: "The sales of the whole year last year were 14736 million won, there was no profit, and the factory was in a loss."

Double the sales is 2 million won. If there is no profit, 29472 million won should be able to buy this mask factory.

Zhou Wenhua calculated silently in his heart and said, "Then how much do you expect me to pay to buy your factory?"

Zhao Renzhu replied without thinking: "President Zhou, if you really don't want to lay off the employees of our factory, I am willing to sell the factory to you for 4 million."

4 million?
More than 1 million won higher than what the old man said.

"President Zhao, to be honest, the total price of your factory's land, buildings and machinery is only 2 million yuan. Besides, as you said, your mask factory is at a loss. Is 4 million yuan a bit high?"

Zhou Wenhua responded accordingly.

"President Zhou, I'm not like them. I won't make false accounts to fool you. What I pay attention to in business is honesty. Yes, my factory is now in a loss state, which is caused by many factors. , although the profit of the factory was not high in the past, but fortunately it was stable, otherwise the factory would not have been open since 2003.”

Zhao Renzhu said calmly, Zhou Wenhua couldn't see anything from his eyes.

"President Zhao, what do you mean by multiple factors?"

"Let me tell you this, I used to be the only factory producing masks in Namyangju. The masks produced by our factory can be sold to major hospitals in Namyangju and hospitals in nearby cities, but since the year before last, Namyang Several factories producing masks have emerged in the city, and they know how to give gifts to the heads of the hospitals, but I can’t, so I gradually terminated the cooperation with those hospitals, so the factory has reached the point it is today.”

(End of this chapter)